Dec, 31, 2023 — COAST GUARD EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in New Orleans, LA with 1 branch location and about $4.24 million in total assets. Opened 74 years ago in 1950, COAST GUARD EMPLOYEES CREDIT UNION has about 600 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COAST GUARD EMPLOYEES CREDIT UNION |
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Address: (Main Office) | Hale Boggs Federal Building, 500 Po New Orleans, LA 70130 |
Phone: | (504) 671-2287 |
Fax: | (504) 671-2290 |
Website: | https://www.coastguardecu.net |
Branches: | 1 branch locations |
Members: | 600 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62258 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Nov 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,244,152 |
CEO/Manager: | Valjon C Lyons |
Chairperson: | Trevor A Blount |
ASSETS: | $ Amount |
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Cash & Equivalents | 396,904 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 356,675 |
Other Loans | 1,065,682 |
TOTAL LOANS | 1,422,357 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,512 |
Land And Building | 0 |
Other Fixed Assets | 23,051 |
NCUSIF Deposit | 35,179 |
All Other Assets | 0 |
TOTAL ASSETS | 4,244,152 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 60,097 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 3,301,943 |
All Other Shares & Deposits | 151,370 |
TOTAL SHARES & DEPOSITS | 3,453,313 |
TOTAL LIABILITIES | 3,513,410 |
Regular Reserve | 0 |
Other Reserves | 65,628 |
Undivided Earnings | 665,114 |
TOTAL EQUITY | 730,742 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,244,152 |
INCOME & EXPENSE | |
Loan Income | 78,490 |
Investment Income | 133,196 |
Other Income | 12,797 |
Total Employee Compensation & Benefits | 149,961 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 74,651 |
Non-operating Income & (Expense) | -48,034 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,500 |
Cost of Funds | 12,856 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -82,372 |
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